I he   Kecord and Guide,





1148





November 15, 1884





imtf Taxes in New York City for the Year 1884.





Jo „^-Mtor Record and Guide :

The oity taxes for the year ISSi are now due, and will be received up to
December Isl without any interest or penalty. If any tax is not paid
before the flrst day of December 1 per cent, will be added to it. If not
paid before the first day of January interest is charged at the rate of 7
per ceut. par annum from the day the books are delivered to the receiver
of taxes; and if not paid by the flfteenth day of January he may issue his
warrant for the collection of personal taxes by diatreas and sale. Real
estate must be advertised aod sold to collect taxea aod aaaeaaments thereon.
The rate of taxation ia $3.25 on $100 upon tbe valuation ot real aod per¬
sonal property, except upoo the capital stock of such kioda of corpora¬
tions aod associations aa are taxed upon their capital by the State. Upoo
these the rate is only $'.93|^ upoo the $100. The rate ia less than in 1883.
The total valuation of real estate is $1,119,761,597, being $40,630,938 more
thin for tbe year ISSi. Tho total valuation of peraonal property, include
ing the capital and parsoual property of corporations and associations, ia
?318,5311,246, being $11,990,351 more than for the year 1833.

The total valuation of capital and personal property of corporations
and associations, except a manufacturing corporation, is $37,032,213,
being $9,879,317 more than for the year 1833. Of this portion the increase
in bank stock over 1883 is $7.09^,3*5, leaving the increase oo the capital
and personal property of the other kinds of corporations to be only
$3,780,96'..    All these valuations are made as of January of each year.

The value of bank stock taxed, in the hands of the holders, is $66,-
350,76i, while the capital and personal property of all corporatioos aod
associatioDs, including b<ioking institutions and excepting manufacturing
corporations, ia only $37,ii33,313. a very striking and wonderful exhibit
for tax law makers to study.                                                        X, T. Z,





The Proposed New Parks.

Mr. John Mullaly, who from the begicoiug has been Interested in the
new parks io tbe aonexed district, says tbat the objections to the im¬
provements by Mayor Erison are unworthy of consideration. In the
flrst place the law has passed authorizing the expeo'iiture aud no con¬
stitutional amendment can be ex post facto, that is it cannot prevent
expenditure already provided fc- by law. Moreover, our present debt is
below the constitutional requirement, for the bonds in the sinaing fund
are owned by the city and not its creditors. Our valuation increases
$50,000,000 per annum, and under our present laws the sioking fund
increases $8,000,000 per anonm. We may rest assured, contioued Mr.
Mullaly, that the commissioners will be appointed according to law, and
the new parks laid out despite the opposition of Mayor Gdson.





The one or two delinquents io their subscriptions to the Real Estate
Exchaoge and Auction Room (Limited) having paid up, the necessary
legal documeot wes filed with tbe Secretary of State duriog the past week
announciog the fact that the whole capital stock of $500,000 had been paid
up, and therefore oo director or stockholder will ever be li<4ble again for
aoy of the possible debts of the Exchange, The buildiugs have been paid
for with the exception of an $SO,000 mortgage, aud that could have been
cancelled were it not considered prudent to keep aome cash on hand to
make improvements in the buildiog or hall of the Exchange should any
he necessary. It is already apprehended'that the hall may not be large
enough to do tbe business wbich the Exchange may want to transact after
it is open. The directors of the Exchange are now holding meetings fre¬
quently, and are preparing the necessary regulatioos for the opening,
which it is hoped will soon fake place. It ia now very certaio that every¬
thing will be io operatioo before the Ist of February. The annual election
will be held on the Sth of December, when a report of the year's doings
will be presented by the retiring iireetora. There is a decided demand for
seats.

-----------------------»——„—

Thomas C. HoUina has been fined $350 for ruunlog dummy veot pipes
frcn traps of fixtures iuto a partition- and placing oo the roofs over the
hoes of the partition other dummy vent pipes, merely aolderiog them to
the roof, there bein? no intermediate pipe between them. The aewer
gas i-onaequently had free access to the rooma from the ends of the
dummy pipes terminating in the pirtitioa, Hollios was arrested on
oomplaiot of the Bmrd of Health, and was fouod guilty at the Special
Sessions. The plumbing of the houses affected, which are in a select
location, has now been thoroughly put io order.





Geo. B. Lawton states that preperty io the neighborhood of the Ganse¬
voort Market has greatly increased in value during tbe last year or two.
Over a thousaod farmers' wagons daily concentrate io that locality, aod tbe
Weat Washington Market, to be built on West, Bloomfield and Gansevoort
streets and Thirteenth avenue, for which sketchea are now being drawn
by an architect, has given ao upward impetus to property all round this
section. Vacant lots have sold for $6,000 each recently, for which not
more than $4,C00 was obtainable a few years ago.





^ The Moniteur Industriel describps a method of replacing an old-stvle
iron bridge by one of latpr c nstruction on the iin« of railroad of the
North of Bohemia, between Kutfeothal aod Siranow—Krusko The ravine
crossed was 98 feet Heep, anrl the span of bridge waa 131 2 feet- weisht of
truss, eighty ton^. Tbe nielhod adr.pted was to ereot each bridglspan
wpcn rollers, and the.;, by ru^aos of a locomotive pull it above the place
itwas to ofciipyon the top of the old bridge. The span was then raised
by bydrnu ic j-jcks and the rollers removed. This done, the members of
the original bn.ige were susi-ended to lhe new truss in .'^uch a manner that
the workmen were enabled to remove them, th^ men working upon a
platform swung benenth. As soon as the old bridge waa removed the new
tnisa waa lowwed, a distaoce of 15 feet, to its final beariog upon the piera
Ti-ains were stopped during the operation of suhstitutin| the new K'
The total time oousumed was less thiin forty-eight hours.





The World  of Business.

Northwestern Grain  Receipts in October.

The receipts of grain at the Northwestern markets in October were
even larger than in September, aod among the largest there have ever
been in a aiogle month. For the five weeks ending November 1 thia year
and the correspooding weeks of previoua yeara they have been, for the

last twelve years:





Year.                                        Bushola

1873...........................  20,490,162

1874...........................    17,7ia,0?9

1875..........................  24,715,998

1878............................  S6,70a.33-.'

'*"'7...........................  SB.a86,610

1878............................   66,609,289





Year,                                        Busbela,

1879...........................    87.96n,P8B

1880............................  44,496.913

1S81............................  24.014.914

188-i...........................    27.6116.446

1883..........................  83,a54,335

1881............................  38.349,639





Thua the receipts thia year were larger than in any other except 1880
which IS the more remarkable because receipts of corn have been very
small this year, and because there hts been a very large increase in flour
receipts over 1880. . Notwithstanding tlie light earnings of many of the
grain roada in the Nortweat, it is evident that there has 'been an
exceptionaUy heavy grain trafSc. That it bas not swelled their
earnmgs as it did in 1879 aod 1880 is due chiefly to the fact that
there are so many more of them. That their earoiogs io maoy instances
were s-oaller than lest year, wheo the grain movement was nearly an
eighth less than this year, ia due to the bad cnnriition of other business
1 he receipta of the Northweatern markets usually fall off from October to
November, but not so much now that rail rates are kept low throughout
the wiuter, as they used to when a 4l)-c-eot rate was anticipated after lake
navigation closed. A great revival of it in December, caused by forward¬
ing needed supplies of corn is quite possible: but if tbe new corn move¬
ment begins ao early, it wili be probably from Kansas and the more aouth-
ern part of tbe corn district tban from the country further north, where
It will not be fit to ship quite ao early. And if there is sui-h a movement
It will probably not be to Chicago as much as usual at flrst; though for
the whole corn crop year tbat city ia better placed than uaual, even to
catch the bulk of the corn marketed, there having been a larger produc¬
tion on the country which usually markets there tban in any other year
the m^n increase in productloo being in northern Illinois, in Iowa and
INebraska, which ship little by routea south of Chicago, and io Kansas
and Mi-soun, which market a large part of their gram there, especially
when navigation is open.—Railroad Gazette.

The Important Treaty with Spain.'

_ If the proposed treaty with Spain is consented to by the Cortes where
It will meet stronir opposition, and ratifled by the Senate, it will irake
very important changes in our trade relations, for it is the first step in
the formation of a z'-llverein or customs union between the United States
aud Mexico and all the South American States, which will offer certain
advantages and freedom of trade to the union from which the rest of
the world is excluded. It will be for Spain on entirely new ccdooiol
policy, aod for ua a not le?s new departure. The conditions of this treaty
have been agreed upon between the United Statea Minister Foster in
Msdrid, and the Spanish commissioner, Senor Albacete, and it has been
submitted to the king in council f-^r consideration. It seems to be the
Idea of this customa-uoion with all the Spanish-speaking peoples around
the Gulf of Mexico acd in the West Indies to exclude European, Cana¬
dian and British West Indian competition, by means of reciprocal con-
ceseions aod discriminating duties among the parties tn the union In
case this IS done _ it is easy to see tbat England will attempt aome
meaaurecf retaliation; unless, indeed, we si'ence a part of the discontent
by attempting to include in the union Can da and the British West
Indies. The new cooveotioo with Snaio stipulates that its advantages
shall apply to trade between the United States and Cuba and Porto
ttico, which IS carried on under the Spanish and American flags That
olause might stimulate American shipping again. The treaty opens the
bastiliao colonies to American competition against Spaniah imports Ib
will greatly increase our market, as it will place American flour'and
cereals imported into Spanish colonies upon tbe same footing aa thoae
imported from Spain, and wili make a large reduction in the dutiea on
cattle, Milt, fresh fish and all but a very few manufactured American
gi-ods, bpain will also suppress the nonsular tonnage dutiea which are
now levied at American prrts and promise to reform the custom houses
harbor aud sanitary regulations aod fines in her eolonips Of course
for these new markets and concessions and facilities of trade the United
w*.r '^"^'^ 'i'i°"f ^ *° equivalent, or what see.fs like an equivalent
With whom the balance of trade would rest and whether we should
export more than we would import under the treaty only experiment
could determine. By the treaty America will admit sugars molas.ea
and raw tobacco free of all duties, and tbe duties on other articles im
ported from the West Indies will be reduced. Of course this treaty of
reciprocity will meet in thia country much opposition from special inter¬
ests—as, for instance, sugar and tobacco-aod if it is carried into effect
there will necessarily follow other changes in the revenue law The tax
on tobacco cannot be maintained as it is if unmanufactured tobacco comes
IO from the West Indies. The measure is th" most important one that the
government has proposed in many yeara.—Hartford Courant





No Cliange in the Trade Outlook.





Politics toon the place of business in ell parts of the country last weet
and trade has been unusually light for the aeason. In general merchan¬
dise jobbers have received some orders from the Sooth and Southwest
bQt_all other sections are reported aa buying sparingly. Cotton has been
higher. The new crop is small, but excellent in quality. Private letters
from England report rather more activity in the manufacturing district
about Manchester, and express the hope that tbe worst is over In this
country no such improvemeni is reported as yet, but the restrictive policv
of the manufacturers dunog the last few montbs must surely have a good
efl-ect during the coming season. Petroleum continues so excited and
unsettled as to check exports for the time. Iron is very dull and stPel
raila are lower. Grain is stilUargely sent forward to the primary mar¬
kets, but good judges think the rush of wheat ia about over Corn will
begin to move tbe latter part of this month. If there was anythioe likB
harmooy on the part of the competing railroads there might be a rhanoe
of profit at the close of lake navigation, but the policy of slaughter ?s
still in force, and grain is likely to be carried for some months at low f
not unprofitable ratea. Tbere has been very little change f the price of
either wheat or corn. East-bound freight sHpments show imorovement
for the week over last year and the previous week. The^ ^^eenTime
improvement in the anthracite coal trade on account of qg demand for
domestic sizes aod the suspension of work at the mines. '„„^ nroduction
however, cootinues so large when the mioes are at wo'rk 2nd the stocks
on hand are so heavy, that there is no hope for a proa tabir buai ness thil
?h™ « """ ^'■' P'-°<^'','=.t*°° to date this year has beer. a5,000,( 00 tons and
ROO^^O . J=    """^ working weeks^   If production goes on at the rale of

T?^-= 1^ K ir^.T^*''' ^^^ fl'^'P"'; '"'■ '^^ y*"**" ^'^'l be heavier than inTsS?:
It IS probable   however,  that  there  will   be  two   weeka' su=pension^

31 000,UOO tons. 1 his being the case, there wili be a i^^'^plua to be carried
into oext year of more than I,000,liOO tons, which wil: i/ aufficient to kien
the trade man unsettled condition until late in th^',pring Meantfme
some new arrangement ia likely to be propoaed for k J^^^ng ^ow n n roS
tion. the restrictive plan having prave^ a.t^uTe.~PltaadilphZ Pr S